Kingsview Wealth Management LLC Takes Position in Nasdaq, Inc. $NDAQ

Kingsview Wealth Management LLC bought a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 2,672 shares of the financial services provider’s stock, valued at approximately $239,000.

Several other institutional investors have also recently added to or reduced their stakes in NDAQ. Kestra Private Wealth Services LLC raised its holdings in Nasdaq by 57.4% during the first quarter. Kestra Private Wealth Services LLC now owns 7,333 shares of the financial services provider’s stock worth $556,000 after purchasing an additional 2,673 shares in the last quarter. Wedbush Securities Inc. boosted its holdings in shares of Nasdaq by 14.6% in the 1st quarter. Wedbush Securities Inc. now owns 4,199 shares of the financial services provider’s stock valued at $319,000 after buying an additional 534 shares in the last quarter. Avantax Advisory Services Inc. grew its position in shares of Nasdaq by 5.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 115,145 shares of the financial services provider’s stock valued at $8,735,000 after buying an additional 5,599 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Nasdaq by 32.2% in the 1st quarter. Cetera Investment Advisers now owns 35,991 shares of the financial services provider’s stock valued at $2,730,000 after buying an additional 8,770 shares during the last quarter. Finally, Assetmark Inc. raised its stake in Nasdaq by 11.6% during the 1st quarter. Assetmark Inc. now owns 105,831 shares of the financial services provider’s stock worth $8,028,000 after acquiring an additional 10,984 shares in the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on NDAQ shares. TD Cowen upped their price objective on shares of Nasdaq from $94.00 to $96.00 and gave the company a “hold” rating in a research note on Wednesday, October 22nd. Cowen reissued a “hold” rating on shares of Nasdaq in a report on Wednesday, October 22nd. Royal Bank Of Canada reissued an “outperform” rating and issued a $108.00 target price on shares of Nasdaq in a research report on Thursday, October 9th. Barclays set a $109.00 price target on Nasdaq and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Finally, Piper Sandler boosted their price objective on Nasdaq from $97.00 to $104.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Fifteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Nasdaq currently has a consensus rating of “Moderate Buy” and an average price target of $101.00.

Nasdaq Stock Performance

NASDAQ NDAQ opened at $87.66 on Friday. The firm has a market cap of $50.05 billion, a P/E ratio of 31.31, a P/E/G ratio of 1.79 and a beta of 0.98. Nasdaq, Inc. has a 52-week low of $64.84 and a 52-week high of $97.63. The business’s 50-day moving average price is $88.14 and its 200 day moving average price is $88.98. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.72.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.06. Nasdaq had a return on equity of 16.28% and a net margin of 19.90%.The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the firm earned $0.74 EPS. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. On average, equities research analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, December 5th. Nasdaq’s dividend payout ratio (DPR) is 38.57%.

Insiders Place Their Bets

In other Nasdaq news, EVP Jeremy Skule sold 2,105 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $85.40, for a total value of $179,767.00. Following the transaction, the executive vice president directly owned 84,974 shares of the company’s stock, valued at approximately $7,256,779.60. The trade was a 2.42% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.70% of the stock is currently owned by company insiders.

About Nasdaq

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.